Welsh Government: Emergency COVID financial support for businesses

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Vaughan Gething MS, Minister for Economy.

Following my statement about the £120m financial support that has been made available for businesses impacted by Omicron,  I can confirm that the eligibility checker for the Economic Resilience aspect of the funding is now live on the Business Wales website.

The checker can be found at COVID-19 Crisis Support Tool | Business Wales

This funding will be delivered by the Welsh Government and will provide discretionary grants to hospitality, leisure and attraction sectors and their supply chains via an application process subject to eligibility criteria.

The application stage of the funding will open during the week of the 17th of January and will be open for two weeks.

The funding is open to businesses employing between 1 and 249 full time equivalent staff, including charities and social enterprises.

The grants available to eligible businesses are as follows:

Full-time Equivalent Business closed by regulations on 27.12.21 Event space and attractions Other business with restrictions
1-3 £5,000 £3,500 £2,500
4-9 £10,000 £7,000 £5,000
10-49 £15,000 £12,000 £7,500
50-99 £20,000 £15,000 £10,000
100+ £25,000 £20,000 £15,000

In addition to the Economic Resilience Fund, Local Authorities will be delivering a Non Domestic Rates (NDR) linked grant fund to non-essential retail, hospitality, leisure and tourism businesses (NERHLT). There will not be an application process for this element however in order to receive payment businesses will be required to register with their local authority to confirm their details,  NDR linked grants will then be paid directly to rate payers as follows:

  • NERHLT businesses in receipt of Small Business Rate Relief (SBRR) and with a rateable value of £12,000 or less will be eligible for a £2,000 payment.
  • NERHLT businesses with a rateable value of between £12,001 and £51,000 will be eligible for a £4,000 payment if impacted by the restrictions.
  • NERHLT businesses with a rateable value of between £51,001 and £500,000 will be eligible for a £6,000 payment if impacted by the restrictions.

Local Authorities will also be delivering a discretionary fund via a short application process with sole traders, freelancers and taxi drivers able to apply for £500 and businesses that employee people but do not pay business rates will be able to apply for £2,000.

The registration process for the NDR linked grants and application process for the discretionary fund will open week commencing the 10th January 2022.

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